• Cadence Design Systems average return on assets for 2023 was 18.14, a 2.83% decline from 2022.
• Cadence Design Systems average return on assets for 2022 was 17.64, a 5.82% increase from 2021.
• Cadence Design Systems average return on assets for 2021 was 16.67, a 36.3% increase from 2020.

Roa - return on assets can be defined as an indicator of how profitable a company is relative to its total assets. Calculated by dividing a company's operating earnings by its total assets.